|   | 1.      | Upon execution of      this letter agreement, EGC shall make one or more advances to Borrower in      the aggregate amount of $250,000.00, which amount shall become part of the      Obligations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | 2  | The Overadvance will      be identified on EGC' books as a separate loan and Interest on the      Overadvance shall be charged at the Accounts Interest Rate specified in      Section 3.1 of the Loan Agreement. The interest associated with this      Overadvance shall be in addition to the Minimum Monthly Interest Charge      and shall not be considered when determining if the Minimum Monthly      Interest Charge is applicable.                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | 3.      | Borrower agrees to      repay the Overadvance, and hereby authorizes EGC to reduce the Overadvanceby applying      $10,000.00 per business day from Borrower's availability under the Loan      Agreement. The daily repayment of the Overadvance shall commence February      12, 2008 and shall continue each business day thereafter until the      Overadvance is paid in full. In addition, the Overadvance shall be reduced      by the amount of proceeds received by EGC from the sale of Able Melbourne,      in inverse order of maturity. Notwithstanding the foregoing, the      outstanding amount of the Overadvance shall be immediately due and payable      upon (a) the occurrence and continuation of an Event of Default under the      Loan Agreement; or (b) termination of the Loan Agreement, whether by      default, acceleration or otherwise. |

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|   | 4.     | Notwithstanding      anything set forth to the contrary in the Loan Agreement, Borrower shall      pay EGC an accommodation fee for arranging the Overadvance as follows: (a)      a non-refundable fee in the amount of one percent (1.0%) of the gross      amount of the Overadvance (i.e., $2,500.00) fully earned and payable on      the day the Overadvance is extended. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                            |
|   | 5.     | In      addition to the foregoing, Borrower agrees that EGC may charge an internal      transfer fee of $5.00 per transfer associated with the payments of the      Overadvance and Borrower shall also remit to EGC a $250.00 documentation      fee in consideration of EGC documenting this  accommodation.                                                                  |

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|                                                                                  | Very truly      yours,                                                            |
|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|
|                                                                                  |                                                                              |
|                                                                                  | ENTREPRENEUR GROWTH      CAPITAL                                                  |
|                                                                                  |                                                                              |
|                                                                                  | By: /s/ Charles BertName: Charles BertTitle: Vice President                       |
|                                                                                  |                                                                              |
| CONSENTED      AND AGREED TOthis   11   day of      February 2008 |                                                                              |
|                                                                                  |                                                                              |
| ABLE ENERGY,      INC.                                                                | ABLE ENERGY,      INC.                                                            |
| a Delaware      Corporation                                                           | a New Jersey      Corporaton                                                      |
|                                                                                  |                                                                              |
| By: /s/      Gregory Frost                                                            | By: /s/      Christopher Westad                                                   |
| Name: Gregory      Frost                                                              | Name: Christopher      Westad                                                     |
| Title: Chief      Executive Officer                                                   | Title:      President                                                             |
|                                                                                  |                                                                              |
|                                                                                  |                                                                              |
| ABLE ENERGY NEW      YORK, INC.                                                       |                                                                              |
| a New York      Corporation                                                           |                                                                              |
|                                                                                  |                                                                              |
| By: /s/      Christopher Westad                                                       |                                                                              |
| Name: Christopher      Westad                                                         |                                                                              |
| Title:      President                                                                 |                                                                              |
|                                                                                  |                                                                              |
|                                                                                  |                                                                              |
| ABLE PROPANE,      LLC                                                                | ABLE ENERGY      TERMINAL, LLC                                                    |
| a New Jersey limited      liability company                                           | a New Jersey limited      liability company                                       |
|                                                                                  |                                                                              |
| By:           Able Energy, Inc.                              | By:           Able Energy, Inc.                          |
| Its:           Sole Member                                   | Its:           Sole Member                               |
|                                                                                  |                                                                              |
| By: /s/      Christopher WestadName:      Christopher WestadTitle:      President     | By: /s/      Christopher WestadName:      Christopher WestadTitle:      President |